The 2021 federal budget released today, touches on several intellectual property matters including “$90 million over two years, starting in 2022-23, to create ElevateIP, a program to help accelerators and incubators provide start-ups with access to expert intellectual property services”, “$75 million over three years, starting in 2021-22, for the National Research Council’s Industrial Research Assistance Program to provide high-growth client firms with access to expert intellectual property services.”, deductions for certain “digital assets and intellectual property” and “Expanding loan class eligibility to include lending against intellectual property and start-up assets and expenses”.
The latest budget was introduced today in parliament. Relating to intellectual property, the budget plan states:
In recognition of the importance of a well-functioning intellectual property regime, Budget 2017 announces the Government will develop a new intellectual property strategy over the coming year. The strategy will help ensure that Canada’s intellectual property regime is modern and robust and supports Canadian innovations in the 21st century.